Rental property inspection services are necessary to ensure the continuity of a rental apartment. Rentals require preventive maintenance and active care to realize profits over a long while with them.
Homeowners rarely live on-site, and they find it hard to trust tenants to keep the house in great condition. Interestingly, a hirer with an excellent credit score who pays rents on time isn’t necessarily good at-home maintenance. Lots of renters count the ability to avoid maintenance responsibility as an advantage.
Property managers may seem like a good option, but some companies may be lax with their duties. Therefore, the onus is on you to conduct regular property inspections. So, draw up your rental property inspection checklist and keep reading to know the vital inspection types to carry out as a landlord.
By the way, consider reading this revealing article by the ShortTermShop: What Are Apartment Inspections For? Summarily, such examinations help ensure your property is in good condition year-in, year-out. Meticulous inspection rounds help identify maintenance issues on time and see that tenants are keeping the lease terms.
Shortlisting 7 Vital Types of Inspection for Rental Property
1. Move-in Inspection
A move-in inspection has to begin every lease term. This inspection type notes down the asset’s state at the beginning of the tenancy, providing you with a dated reference should there be additional damage apart from wear and tear.
Move-in inspection rounds review the condition of every room, floor, wall, door, window, appliance, fixtures, faucet, and other parts of the property. Record and photograph all dents, scuffs, and thumbtack holes.
You and the intended hirer have to be present during a move-in inspection. When you’re done, you can both reach a mutual agreement and append your signatures to the inspection report. The move-in information will be compared with the move-out notes when the renter decides to pack out.
2. Move-out Inspection
Move-out inspections are to assess the property’s condition when the tenant is moving out. Your agreement lease has to state that the renter returns the property precisely as it is when they rented it. Therefore, this inspection type helps determine whether the renter has kept to their side of the bargain.
You crosscheck the move-out report with the move-in document and identify any change whatsoever. The goal is to ensure the property is in a rent-ready state when the tenant moves out. They have to answer for all tenant-inflicted damages, besides normal wear and tear.
In a bid to ensure that landlords don’t have a hard time getting the cash for these damages, the law allows you to collect a security deposit from the tenant at the beginning of the tenancy. However, you’re to refund them after deducting the cost of the damages.
3. Seasonal Inspection
Seasonal inspection checks are necessary alongside seasonal maintenance. New seasons ask for preventive care (both interior and exterior) at your rental. You may have to weatherize water pipes right before winter and clean out the gutters in the fall.
Seasonal maintenance requires you to be on-site for effective handling. Therefore, this period is excellent for a routine landlord inspection. These inspections help to emphasize lease compliance and identify needed repairs in the property.
Seasonal rental property inspection services offer the opportunity to show tenants what they may do differently to take better care of the property. You could also remind them of the possibility of getting their security deposit back in full (depending on how they handle the property, of course).
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4. Drive-by Inspection
Drive-by inspections are property checks that you conduct in-between seasons without previous notifications or agreements. The tenant must not know about a drive-by inspection until it is happening.
This impromptu exercise helps to reveal lease violations that the tenant would easily conceal if they knew about the inspection. You may find unauthorized pets, rowdy and prohibited parties, long-term guests, and other violations on this visit.
However, you have to limit drive-bys to a reasonable extent. Don’t conduct these inspections frequently to avoid disturbing the tenant’s right to privacy and quiet enjoyment. Know how not to be intrusive or nosy on these visits.
Should you find out any fault on such drives, notify the tenant and suggest solutions.
5. Pre Move-out Inspection
Pre-move-out inspections are checks conducted to help a leaving tenant identify the corrections required before a fixed date. They ensure continuity of profit and typically take place 15-30 days before the tenant moves out.
When a pre-move-out check is successful, you can quickly secure another tenant to move in once the tenant moves out. This continuity is possible because the moving-out tenant rarely leaves the house in poor order—the allure of getting their security deposit in whole works well in this case.
A pre-move-out inspection round is beneficial because it gives you a clear idea of how much money, time, and types of cleaning or repairs your rental will need before another person moves in.
6. Pre-management Inspection
An absolute top to bottom property inspection is necessary if you’re engaging a property management firm to manage your rentals. This check has to be thorough, so the company is aware of the state of your property and the appliances in it before management moves to their control.
Importantly, your firm has to be highly familiar with the rental laws of the locale and advise you expertly on the steps to take for optimum gain on you and the tenants’ parts. The management company’s duties may extend to finding renters for the property, depending on when you hire them.
7. Pre-purchase Inspection
This check is necessary if you’re buying an already built or occupied rental property. These inspection rounds will provide you with all crucial information like the age of appliances and the state of the property itself.
A pre-purchase inspection helps assess the state of the apartment you’re purchasing, giving you enough info for negotiation. In essence, this inspection is a step you mustn’t skip when acquiring properties.
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Rental property inspection services are mandatory to facilitate the longevity and profitability of your rental. You can’t leave this crucial part of your investment in the hands of your tenants, the management team (except if entirely trustworthy), or any other 3rd party. After all, you’ll bear the losses if things go wrong.
However, ensure to keep with rental property inspection laws while at it, especially with the drive-bys. Don’t inconvenience the tenants or invade their privacy. Keep the law on your side.